Afternoon update
$NBIS rose 10.78% Tuesday as AI-infrastructure names rallied after Anthropic's preliminary IPO filing, while refiners took the other side of the…
$NBIS rose 10.78% Tuesday as AI-infrastructure names rallied after Anthropic's preliminary IPO filing, while refiners took the other side of the tape.
- Nebius (+10.78%, $40.8B) and Astera Labs (+9.86%, $49.3B) advanced on Anthropic's preliminary IPO filing and a lender group's agreement to finance a $63B purchase of Broadcom AI chips for Anthropic.
- Cerebras rose 9.89% after Oracle said it will add Cerebras hardware for AI inference on Oracle Cloud Infrastructure starting in the first half of 2027.
- AMD gained 5.44% on heavy volume after committing a $1B investment in Meta's equity offering under an expanded AI-infrastructure partnership; Nvidia is investing $3B in the same raise.
- Refiners fell as crude climbed on an Iran/Israel risk premium: Valero -8.18%, Marathon Petroleum -6.62%, Phillips 66 -6.25%, with PSX reporting Q3 before Wednesday's open.
- Breadth: semiconductors +2.83% with 11 of 11 higher; oil and gas -3.33% with 0 of 7 higher. SMH +2.93%, XLE -1.89%.
Valero's history offers context: across 38 drops of 8% or more in 19.8 years, 62% were higher three months later, at a median +16.4%. Wednesday's Phillips 66 results will show whether margin pressure is showing up in reported numbers.
Not financial advice. For informational and educational purposes only.
$BA stock call: Not yet, buy zone $137 to $156
$BA: not yet. I'd buy around $137 to $156. Down 10% today to a new 52-week low near $169 22% below its 200-day after Q3 I think it gets cheaper because the 737 ramp slipped to 2027 and cash flow slips with it.
FCC approves Amazon Leo's $11.57B acquisition of Globalstar
The FCC has approved Amazon's $11.57 billion acquisition of Globalstar, per Reuters. The decision clears…
$BA daily pick: sell Dec 18 $160 put (buy-side) after the Q3 selloff
$BA: I'm selling the Dec 18 $160 put on @Boeing after today's 10% drop and getting paid to wait. As of midday ($169.99): Lowest since April 2025 and 22% below the 200-day Credit $3.55 for ~2.2% in 52 days (~16% annualized) Breakeven $156.45, about 8% below today Record $745B backlog
Midday update
At midday on October 27, the Nasdaq is up 1.02% and the S&P 500 is up 0.56%.
At midday on October 27, the Nasdaq is up 1.02% and the S&P 500 is up 0.56%. Raised guidance is driving the biggest gains, while earnings misses are driving the sharpest losses. $SOFI is up 13.80% after raising full-year 2026 adjusted revenue guidance to about $5.04B.…